US Senate, House bill to quash court ruling against anti-China duties
2012 03 08
- Details
US SENATE and House committees have introduced a protectionist bill to counter a "deeply flawed" court ruling to limit the Commerce Department's power to apply countervailing duties on goods from China and Vietnam.
Last December, the Court of Appeals found, in GPX vs United States, that US law prohibits the federal Commerce Department from applying countervailing duties (CVD) to "non-market economies".
"This legislation overturns that deeply flawed decision," said the US Commerce Department and US Trade Representative in a joint communique, reported American Shipper, adding that the bill was also praised by the White House.
Said Commerce Secretary John Bryson: "This bill would ensure the 24 existing CVD [countervailing duties] on imports from China and Vietnam remain in place and that ongoing CVD investigations involving imports from these countries continue."
"If Congress does not take up this bill, the Commerce Department may lose a critical tool to level the playing field for American workers and companies in the future," Mr Bryson said.
Said US Trade Representative Ron Kirk: "This has been a major focus and priority for the Obama Administration, which has been working closely with Congress to produce this legislation as quickly as possible."
Source Shipping Gazette - Daily Shipping News
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